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325:). Despite attempts at negotiation, no property was ever returned to the American companies and they have yet to receive any compensation from the Cuban government. Diplomatic relations between the United States and Cuba quickly deteriorated and the first in a series of embargoes was placed on the
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Cuba produces around 80,000 barrels per day (13,000 m/d) of heavy crude oil. Various companies have explored for oil in Cuba over the last 15 years with the only new discoveries along the northwest heavy oil belt, an 80-mile (128 km) stretch of coast in
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national borders. Along with sugar factories and mines, Cuba seized approximately $ 1.7 billion in U.S. oil assets. This nationalization of property resulted partially from U.S. President
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was established in Cuba. In total, Cuba nationalized roughly 6,000 American owned properties. The many individual oil and gas facilities were compacted into a single,
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provinces. Cuba consumes about 150,000 bbl/d (24,000 m/d), of which 53,000 bbl/d (8,400 m/d) of oil and oil products are imported from
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oil imports. Eisenhower ordered
American oil companies to refuse to refine Soviet oil and then the Cuban government
202:'s largest oil company. It is owned and operated by the Cuban national government. The company is involved in the
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deposits as well as the refining and distributing of petroleum products. In conjunction with the conglomerate
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496:"US Corps Claim Billions In Assets In Cuba And Now They'll Want It Back"
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state on the island. This forced the Cuban government to rely on
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generous financing terms under a wide-ranging cooperation accord.
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On August 6, 1960, the Cuban government, under
President
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The extraction is based in Cuba's northern region of
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Non-renewable resource companies established in 1960
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518:"The U.S. Trade Embargo on Cuba Just Hit 55 Years"
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183:CUPET crude oil tanks near Havana, 2014
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406:. Unión CubaPetróleo. Archived from
593:Cuban companies established in 1960
498:. talkingpointsmemo.com. 2014-12-22
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578:Government-owned companies of Cuba
379:United States embargo against Cuba
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573:National oil and gas companies
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474:"Cuba, you owe us $ 7 billion"
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452:"1960 Dollars in 2016 Dollars"
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430:"Cuba, you owe us $ 7 billion"
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568:Oil and gas companies of Cuba
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27:State-run oil company in Cuba
302:the refineries as a result.
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588:1960 establishments in Cuba
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290:and its establishment of a
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476:. Boston Globe. 2014-04-18
432:. Boston Globe. 2014-04-18
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225:, the Spanish oil company
223:People's Republic of China
384:List of companies of Cuba
374:Foreign relations of Cuba
305:Following the successful
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329:regime in October 1960.
272:Osvaldo Dorticós Torrado
172:CUPET oil refinery near
69:Cuban nationalization of
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204:extraction of petroleum
454:. Inflation Calculator
235:Sherritt International
219:Provincia de la Habana
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89:; 64 years ago
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284:Dwight D. Eisenhower
323:Unión Cuba-Petróleo
274:and Prime Minister
192:Unión Cuba-Petróleo
144:24,000 (March 2016)
140:Number of employees
87:August 6, 1960
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404:"CUPET in Numbers"
319:The Cuba Oil Union
188:The Cuba Oil Union
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410:on March 23, 2016
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78:Shell Oil Company
16:(Redirected from
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300:nationalized
276:Fidel Castro
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102:Headquarters
45:Company type
18:Cubapetroleo
347:Cuba portal
255:Petrocaribe
114:Area served
65:Predecessor
59:Oil and gas
562:Categories
390:References
321:(Spanish:
190:(Spanish:
94:1960-08-06
414:March 23,
317:company,
292:communist
251:Venezuela
243:La Habana
530:April 5,
502:April 5,
480:April 5,
458:April 5,
436:April 5,
333:See also
247:Matanzas
133:refining
125:Products
55:Industry
261:History
149:Website
92: (
84:Founded
327:Castro
296:Soviet
280:Cuba's
231:Canada
227:Repsol
174:Havana
156:.cupet
108:, Cuba
106:Havana
74:Texaco
208:CIMEX
196:CUPET
194:) or
129:Fuels
49:State
532:2016
523:Time
504:2016
482:2016
460:2016
438:2016
416:2016
266:1960
245:and
229:and
200:Cuba
253:on
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198:is
160:/es
158:.cu
154:www
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